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Non-Tech : Costco, slow but sure?
COST 977.73+0.6%Feb 11 3:59 PM EST

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To: Mel Fox who wrote (1003)12/13/1999 1:07:00 AM
From: Brandon  Read Replies (1) of 1147
 
Costco Wholesale Corp (Nasdaq: COST). Avg..
Volume 2,347,000. Close: 91 3/4. ADX: 26.
Costco is an uptrending Nasdaq 100 stock as
can be seen by the series of higher highs and
lows. After making new highs the stock has pulled
back over the last 5 trading days. This pullback
has brought the stock to a nice area of price and
moving average support. We will be looking for the
uptrend to reaffirm itself and will go long shares
of COST should it trade at 93 1/16. Our stop will
be 90 1/4.

mtrader.com

Brandon
www.swingtrader.net
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